Property tax rates in the county are reasonably close to the state average, as the average effective rate here is 1.53%. %%EOF Because assessment levels vary between municipalities in Maine, mill rates in one area cannot be directly compared to mill rates in another. Please note that we can only estimate your property tax based on median property taxes in your area. Local government in Maine is primarily supported by local property taxes. Instead, Tax-Rates.org provides property tax statistics based on the taxes owed on millions of properties across Maine. . 8/1/12. For more information, see the Property Tax Fairness credit. Line 13: 2022 Property Tax Levy. While this benefit is based on the property tax paid by veterans, the benefit is administered through the individual income tax. Maine Real Property Taxes. YEAR 1 .0240 mill rate. endstream endobj 92 0 obj <> endobj 93 0 obj <> endobj 94 0 obj <>stream Sanford , Maine 04073. The typical Maine resident will pay $2,756 a year in property taxes. Commitment Date: August 23, 2022. 43 0 obj <>/Filter/FlateDecode/ID[<2A134F324ECF8524B3B5DD89CACDC53B><69467F491CB48C44B73FAFFCDD0F967A>]/Index[27 28]/Info 26 0 R/Length 81/Prev 89678/Root 28 0 R/Size 55/Type/XRef/W[1 2 1]>>stream Hancock County. Kennebec's average effective property tax rate of 1.40%, however, comes in above Maine's 1.30% statewide average effective rate. You can call the Town Clerk's Office at at (207) 222-1670 to check the status of tax payments. To view PDF or Word documents, you will need the free document readers. The state valuation is a basis for the allocation of money appropriated for state general purpose aid for education, state revenue sharing, and for county assessments. For example, the average effective rate in Hancock County is 1.03%, lowest in the state. Kennebec residents pay a median property tax bill of $2,292. The table below is updated daily with Florida mortgage rates for the most common types of home loans. Education and SchoolsQuality of LifeArts & CultureCommon Relo FAQsWaterfront Real EstateProperty Taxes, Maine Home Connection Copyright 2003 - 2022 All Rights Reserved19 Commercial St Portland, ME 04101 Office: (207) 517-3100. Maine is ranked number twenty out of the fifty states, in order of the average amount of property taxes collected. R?v endstream endobj startxref Counties in Maine collect an average of 1.09% of a property's assesed fair market value as property tax per year. Source: Maine.gov. ;"H6@Bp@lkXoJ":Ch%@RKNAGxd[yd.n>V#l"+5L(z7PVSEGS9TG"$:}@Cslf 16 Lovewell's Pond Road. Today, property taxes in Maine generate approximately $1.8 billion a year to fund local government services. Maine CommunitiesHome Sales & StatisticsPortland NeighborhoodsWhy Maine? The typical homeowner in Knox County pays $2,914 annually in property taxes on a median home value of $209,900. They typically use the money to pay for local services, such as public schools, libraries and law enforcement. hXrH+pBZf;4a$Z (4 JoFo_OW<7W$WHvW'?a cWx$^,1K}9"sqB|\(be oi6v}V~%+YnW6dGklh>,u:S$7ww(b-M Gms. Town of Buxton, 185 Portland Road, Buxton, ME 04093 (207) 929-5191 Town Hall Hours: Mon, Tues, Thur, Fri 8:30am to 4:30pm & Wed: 11:30am - 7:30pm Property & Taxes Exemptions Provided are descriptions of the three key exemptions related to municipal property tax enacted by Maine law (Title 36, M.R.S.A.). Androscoggin is also home to two of Maines most populous cities in Lewiston and Auburn. Property Tax Collection. ****Please note this file contains both the Personal Property Tax Bills and the Real Estate Tax Bills. YEAR 2 .0175 mill rate. One house on Fitten Street was assessed at $40,488 last year before it sold for $145,000 . Over the last 50 years, neither the sales nor the income tax has come close to generating the governmental revenues generated by the property tax. Alternate formats can be requested at (207) 626-8475 or via email. The average property tax bill in New Jersey was $9,490 in 2022, an increase of slightly more than 2% when compared with the previous year. MRS does not guarantee the accuracy of calculations in fillable PDF forms; Check all numbers. Town of Wells Assessor. P.O. Both real (land and buildings) and personal property (tangible goods) are subject to taxation, unless they are exempted by law or subject to another form of taxation, such as the excise tax for motor vehicles and boats. How would you rate your experience using this SmartAsset tool? Excise tax is calculated by multiplying the MSRP by the mill rate as shown below. >(f`#BCjmLXYwH3q N>#@ h4 Sold Property & Name on Tax Bill According to Maine's Taxation Law, the Assessor is legally required to issue the annual tax bill to the owner of record as of April 1st. 8/1/22. At that rate, a homeowner whose home is worth $150,700 would pay $1,974 annually in property taxes. These tax rates are calculated in order to facilitate equitable comparisons. We can check your property's current assessment against similar properties in Maine and tell you if you've been overassessed. In 2022, the Maine Legislature enacted an expanded benefit for veterans through the Property Tax Fairness credit. We administer the real estate transfer tax, commercial forestry excise tax, controlling interest transfer tax, and telecommunications business equipment tax and we determine annually the amount of tax reimbursement to each town for veteran, homestead, and animal waste facility exemptions, and tree growth tax loss reimbursement. The state of Maine publishes this information in a PDF, but wanted to be able to sort by mil rate, county, growth rate, and current mil rate. 2022 - 2023 Tax Rate: $14.45 per thousand. Androscoggin County has the highest property tax rate in the state of Maine. The APR includes both the interest rate and lender fees for a more realistic value comparison. Until the early 1950s, the property tax was the only major tax in Maine. $108,900 or more. The median property tax payment residents make in Cumberland County annually is a high $4,217. Town of Kennebunkport, PO Box 566, 6 Elm Street, Kennebunkport, ME 04046 PH: (207) 967-4243 FAX: (207) 967-8470 Town Office Hours: Monday - Friday, 8:00 a.m. to 4:30 p.m. Website Disclaimer | Government Websites by CivicPlus | Site Map Kennebec has a lower median home value ($164,000) than other more expensive counties in Maine. Enter the selected rate from line 19 of the Tax Rate Form. Each year, the Property Tax Division compiles a list of municipal information based on a survey submitted by each municipality. Section 505.4 is as follows: Taxable Year. If youre thinking of relocating to Portland, Maine, weve put together several guides (moving guide, best breweries, coffee shops, seafood, living in the Winter, the best pizza in town) to help you get a After hearing this question quite a few times, Im writing a quick post on winter in Portland, Maine. This is equal to the median property tax paid as a percentage of the median home value in your county. The Municipal Services Unit is one of two areas that make up the Property Tax Division. The homestead exemption allows Maine residents to decrease a propertys taxable value by $25,000. With a population of almost 40,000, Knox County is one of the smaller counties in Maine. The median property tax payment in the county is just $1,602. The county's average effective property tax rate of 1.03% is the lowest in the state and below the state average of 1.09%. This decision comes a month after the Town of Middletown's new tiered tax rate system for full-time residents went into effect.. Newport currently taxes residential and commercial real estate . Maine Tax Portal/MEETRS File Upload Specifications & Instructions, Alphabetical Listing by Tax Type or Program Name, 2021 Municipal Valuation Return Statistical Summary Report (PDF), 2020Municipal Valuation Return Statistical Summary Report (PDF), 2019 Municipal Valuation Return Statistical Summary Report (PDF), 2018 Municipal Valuation Return Statistical Summary Report (PDF), 2017 Municipal Valuation Return Statistical Summary Report (PDF), 2016 Municipal Valuation Return Statistical Summary Report (PDF), 2015 Municipal Valuation Return Statistical Summary Report (PDF), 2014 Municipal Valuation Return Statistical Summary Report (PDF), 2013 Municipal Valuation Return Statistical Summary Report (PDF), 2012 Municipal Valuation Return Statistical Summary Report (PDF), 2011 Municipal Valuation Return Statistical Summary Report (PDF), 2010 Municipal Valuation Return Statistical Summary Report (PDF), 2009 Municipal Valuation Return Statistical Summary Report (PDF). JZwBR:N|6g0kraw{$ M>Xq5'p|WuDI_3A+-LB>6qj.bKD:jjGc;*!4xH7&m%bexWdHqznd:_(1z)#OY2b~t_$4{2I"#$jti&;A0J\^wgxC_@q:*ed$oU^>$a4VrQ+Ugq~RI*i>i9R$% R|\+# 8 Z@ovBxF F1 h&r7XC"lglj_{.x9]7>nFP7AWimTK[-3`{ To calculate the exact amount of property tax you will owe requires your property's assessed value and the property tax rates based on your property's address. The U.S. housing . Today, property taxes in Maine generate approximately $1.8 billion a year to fund local government services. Alternate formats can be requested at (207) 626-8475 or via email. The LCSA Act requires Treasury to subtract from a municipality's PPT reimbursement the portion that has been captured by one or more TIFAs claiming reimbursement due to a decline in captured personal property taxable value related to the municipality's millages (MCL 123.1354 (1 . Its annoying, but I guess they wanted to test the Puritan work ethic of us New Englanders . The typical homeowner in York County pays $3,361 annually in property taxes, which is well above the U.S. median. The Municipal Officers of the Town of Bar Harbor, upon request of the Tax Collector of said municipality, . Hint: Press Ctrl+F to search for your county's name. Maine residents seeking low property tax rates might want to consider Hancock County. Line 12: 2022 Property Tax Rate. Taxes are considered delinquent on October 8, 2022 and May 6, 2023. You can choose any county from our list of Maine counties for detailed information on that county's property tax, and the contact information for the county tax assessor's office. Fryeburg , Maine 04037. Find tax information for the Town of Wells. Discover Portland Moving Guide Startups & Tech Neighborhoods Guide Finding a job Municipal Services All investing involves risk, including loss of principal. 0 The table below shows average effective property tax rates for every county in Maine, along with median home values and median annual tax payments. Contact Information: Maine Revenue Services Property Tax Division P.O. If you would like to get a more accurate property tax estimation, choose the county your property is located in from the list on the left. A wealth of information detailing valuations and exemptions by selected categories, assessment ratios and tax rates, on a town-by-town basis, is compiled. Download a copy of your tax bill by clicking the link. Alternate formats can be requested at (207) 626-8475 or via email. Tax Rate: $10.46 per thousand of valuation for fiscal year ; Assessment Ratio: 88%; Interest Dates: Starts to accrue on the 1st installment November 22, 2022, and on the 2nd installment May 23, 2023; Overdue Interest Rate: 4.00% $46,000-$108,899. Thank you for your answer! There are two statewide rules that ensure local assessors value property in an equitable fashion. Taxes Part of the state valuation process includes the preparation of a statistical summary of certain municipal information that must be annually reported to MRS by municipal assessing officials. The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. Our division is responsible for the determination of the annual equalized full value (state valuation) for the 484 incorporated municipalities as well as for the unorganized territory. Important Notice About Property Taxes For Buyers and Sellers of Real Estate (PDF). Rates vary significantly depending on where in Maine you live, however. Contact Info: (207) 646 6081 (Phone) (207) 646 2935 (Fax) The Town of Wells Tax Assessor's Office is located in Wells, Maine. Maine is ranked 17th of the 50 states for property taxes as a percentage of median income.